Fed’s Goolsbee Says He Hopes Dangerous Inflation Data Was a Blip

Federal Reserve Bank of Chicago President Austan Goolsbee said while some recent inflation readings have come in better than expected, he hopes one “dangerous” data point is just a blip.

“We’ve had some inflation reports that came in milder than we expected, and I was feeling good,” Goolsbee said Thursday in an interview with Bloomberg Television on the sidelines of the Fed’s annual conference in Jackson Hole, Wyoming.

“The last inflation report that came in, where you saw services inflation — which is probably not driven by the tariffs — really start shooting up,” he said. ...